NSE, Alex Stewart International sign MoU

NSE, Alex Stewart International sign MoU

National Stock
Exchange of India Limited (NSE), India’s leading stock exchange, has signed a
memorandum of understanding (MOU) with Alex Stewart (International)
Corporation, leading global player in precious metals inspection and analysis,
to help develop the existing physical settlement framework in the Indian
commodities derivatives market and facilitate introduction of high quality
standards for delivery of bullion bars through the exchange platform.

Mr. Ravi
Varanasi, Chief Business Development Officer, NSE said, “We are excited to be
associated with a globally reputed organization like Alex Stewart. The alliance
is more strategic in nature to deepen the existing delivery framework to bring
in more participants into the exchange eco-system. NSE will view this
partnership as one of the key harbingers for the transformation it intends to
bring to the development of the commodities market in India”.

Mr. Graham
Stewart, Chief Executive, Alex Stewart International said, “The Alex Stewart
International Group of Companies are delighted and honored to have entered into
an MOU with National Stock Exchange of India (NSE). We now look forward to
working closely together in future and we are determined to make this
partnership a sustainable and mutually successful venture”.